COMMODITIES BOOM, BIDENFLATION IS BACK ON TRACK!!! (USA – GET READY FOR $4.50+/GAL REG GAS, $6 BREAD.) In ongoing attempt to impose counter-blockade on Russia, a Ukrainian-assembled, British-origin, explosives-laden sea drone struck and crippled the Turkey-bound “Sig”, a Russian-flagged chemical tanker, just south of the Kerch Straits. With end of safe commerce to/from port of Novorosiisk as the goal, Brit/Ukr sea drones threaten imminent takedown of 2% of world oil supply (not exports, total SUPPLY), at least 15% of global wheat exports, as well as world’s #1 fertilizer shipping hub. Monday’s futures markets should be interesting.
Posted in Your UN-fake News Source
Replying to Dennis and Jacob:
Well how-dy Dennis! I am ABOUT to turn 50 and you have just taught me also ‘The McCollum memo’. I knew they had provoked Japan but did not know the name of the strategy.
Upon reading it I see the same pattern/strategy being used to provoke China to take similar action. Pretty sure the Chinese are onto them though. The 50 year energy deals and BRI infrastructure are absolutely China’s attempt to thwart them.
Dreizin is right…commodity super cycle here we come. The only way to stay ahead of, or not too far behind the inflation, will be to make/grow your own and trade the rest. Thanks for putting the Black Sea implications into stark perspective Jacob. Very curious what else might be going on behind the scenes at the ‘peace’ conference in Saudi Arabia.
Replying to Dennis:
Inflation and $5 gas didn’t hurt the Democrats in the mid terms, so why would it hurt them next year?
If there’s even an election that is.
It obviously did hurt the Dems in the midterms. If everything was 100% decided by MSM propaganda and by election fraud, the Dems would never have to sweat anything. Even repressive regimes, with phony elections, have to mind their economic situation.
Russia has no way to respond? I believe I saw something about some contracted Wagner units being located not all that far from Niger. Perhaps a large EU backed conflict will occur down there furthering the ruination of what remains of western Europes economy.
Im with Mr. Dreizin on one thing, there is a shit ton of “stuff” that goes on that is never provided to the “media” and as such, we know nothing about it and never will. I was 50 before I even heard of the McCullum Memorandum!
I would bet that the Drooler in Chief will do whatever is necessary to keep oil AND food prices as low as possible going into the campaign season as will whoever may stand in his unstable place. Brandon screwed the pooch using the Strategic Reserves as a cost lowering device. Thats tapped out with shrinking ideas as to how to afford to refill it. These commercial shipping attacks will stop if it takes the midget green t-shirt wearer hanging from a lampost to stop it.
Or that;s my guess. Taking lame guesses is all I can do since I can’t sit here and enjoy war porn it seems.
NATO’s weapons of war will keep pounding Russia until Putin does what-??
(Reply to Jacob’s second response to Banet.)
I take some comfort from your claims that Russia has some additional levers that it can pull–short of direct military action against the US, or more likely initially the US’s NATO extension–should Ukraine be able to ramp up direct attacks against Russia itself or its assets in other places.
I think I share concerns with Banet. In my words, the concern is that if Ukrainian attacks directly against Russia or its assets get too onerous, Russia will have no choice but to call BS on this “proxy war” and declare that by doing nearly everything except supplying the human bodies to die, the US and NATO are indeed in direct conflict with Russia and will be subject to direct retaliation from Russia if it or its assets are hit again.
But, if I understand your second response to Banet correctly, Russia still has a number of other escalatory steps available before things might come to that.
Let’s hope the Russians still “know their history” and would make all efforts so not to be involved in some 2nd “Lusitania ” or “Port of Havana” type of escalating incident. The British fleet had been provoking the Russians in the black sea already back in 2021, as its its still 1816 here. We are getting closer and closer to a world war, though, as I said already, the Russians have a healthier understanding of the mechanism of escalation.
I paid $3.77 last night here in west Michigan, up 50 cents from 2 weeks ago.
Great timing as usual, I thought, til I saw this post. $4.50 is probably inevitable here now too. Oh well. Even at $5 gas I can still afford to keep Jacob’s kids in chicken nuggets here and there, that’s all that matters.
Can’t see this being allowed to continue, NATO negotiating tactic to force a return to the grain deal? No good options for the Russians as regards retaliation, it’s not like Ukr has a merchant fleet . If that tanker was involved in the supply of Russia’s middle eastern grouping, is that a geographical expansion of the war?
Novorossisk port, if that is where this ship was coming from, is not on Crimea – its on Russian mainland. Been Russian for hundreds of years, and is biggest port in Russia.
Where the fuck are you seeing that I said Novorossiisk is in Crimea? Show me.
@Jacob, the reply button doesn’t work.
I understand, and I hope that it will hurt the imperial monstrum.
But it might hurt the small people more, a politician doesn’t care how much bread and gas costs. And thx to media whoring (your term) they will say that it’s all because Russia left the grain deal and many people will believe it (and it doesn’t even matter that grain and energy prices don’t correlate immediately). As you wrote yourself, it needs something much bigger to bring the house down. I mean “direct” retaliation, the freaks can do whatever they want. On the other side I’ve no f. idea what Nato has in Ukraine that could be hurt and if there are secret talks about red lines or whatever, maybe I write BS anyways.
Yes, you’re just babbling nonsense. Russia was about to finish off the Ukraine’s power grid in January (refugees, refugees, refugees), but stopped only because it got some big benefit, presumably economic, that we don’t know about. Of course, there are “touch points.” As for the price of gasoline and food, it doesn’t matter what the media says, the media only gets the Democrats so far. There is an election to win (or steal.) Of course, they’re going to be sweating.
The big problem I see is that Russia has no realistic way to retaliate. NATO countries can use Ukraine to hit Russian infrastructure deeply. They do the targeting for Ukraine, they give the weapons to Ukraine, they teach them how, where and when to hit Russia, and in the end it will be “Ukraine hit Russia” and every normal stupidface in the West will be happy about that and even believe in the mythological Ukrainian resilience.
But, if I am not totally wrong, the Russians can only hit NATO infrastructure directly, that immediately means escalation, even though NATO is actually escalating on a daily basis. The Russians have no Filthy-Green-T-Shirt-Fetishist and they have no “ex-40-million”-suicide-fascists who could do the “indirect war” for them. And that is why Ukraine might become one of the biggest male-population-cemeteries in history.
Did you read my headline?
We’re ready for $4.50 a gallon gas in Southern California because we are already past that. At the nearest Chevron station regular is $5.10, premium $5.48, diesel $5.90.